U.S. Floorplan Risk Management

49 FordREV Senior Note Break-Even Analysis Cumulative Net Loss Ratio Approximate 2019-REV1 Break-Even Losses Compared With Historical Pool Losses 26.0% 24.0% 22.0% 20.0% 18.0% 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% ..။ 11 11 || " "| 11 " Enhancement Scenario 3 Enhancement Scenario 2 Enhancement Scenario 1 2.0% 0.0% U.S. public retail transactions from 2003 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 Months Since Settlement Assumptions . Default timing curve of 30% / 40% / 20% / 10% per year • 1.40% ABS • 3-month recovery delay and 50% loss severity Ford FORD CREDIT

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